The Governor of New York State has announced that New York will now offer a a federal income tax credit to first-time home buyers. It will allow first-time home buyers to claim a tax credit equal to 20% of their annual mortgage interest costs. for example: if the annual mortgage interest payments is $15,000, 20% is $3000 which can be claimed as tax credit.
The past four months of increasing sales have proven the value of buyer incentives. This should keep our real estate market and economy moving forward.

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